Shangri-La Miami Residences - Presented by Allan Kleer, MBA, PA, the leader in Miami Fractional Ownership condos. Island Gardens Residences on Watson Island in Miami is developed by Flagstone Development. Search MLS listings live, view floorplans & pictures, and research "closed sales" all right here! Please call for floorplans, specific unit pricing, and fractional ownership descriptions.

The Residences at Island Gardens on Watson Island is situated on a never developed 24-acre site directly facing Downtown Miami. South Beach, Downtown Miami, the Carnival Center for the performing arts and the brand new bicentennial park are all just moments away. This is miami's first large-scale fractional ownership property with a deep water harbour. The property will also feature the Shangri-La hotel, which will be THE premier luxury resort in miami catering to the ultra luxury five diamond traveller.
The fractional properties at Island Gardens, located above and serviced by the Shangri-La hotel, will provide service-rich living, and breathtaking views of the Biscayne Bay. The fractional ownership offers opportunity to own a 1/8 of a unit, which will alow the owner to use 45 days out of the year. The terms of Flagstone's 75-year ground lease and development agreement with the City of Miami enable the construction of up to 105 residential units to be sold on a fractional interest basis. The fractional units will total approximately 340,000 square feet.
These fractional units offer a unique and attractive opportunity for second homebuyers by providing service-rich luxury living and amenities without the cost and responsibilities of a wholly owned second home. Fractional units are ideal for vacation homebuyers who are reluctant to invest substantial capital in a second or third home that often receives infrequent use and requires significant upkeep. These are vacation homes to enjoy, not manage.
Fractional interests of luxury apartments, townhouses and single-family homes have become a rapidly emerging market throughout the U.S., particularly in resort locations. Miami is a unique location for fractional units as it enjoys a long season in the fall, winter and spring and a limited shoulder season – ideal circumstances for year around fractional unit usage.
Please call for our private database of purchasing opportunities, as we have direct authorization from the developer to offer qualified buyers the premier units and pricing. There are a number of pre-construction opportunities for the savvy buyer that understands the value inherent in Fractional Ownership properties.